slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
Weekly Commodity News Letter PowerPoint Presentation
Download Presentation
Weekly Commodity News Letter

Weekly Commodity News Letter

3 Vues Download Presentation
Télécharger la présentation

Weekly Commodity News Letter

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. 2018 Weekly Commodity News Letter Star India Market Research The trend of Gold is Bullish. Global stock market fell down this week, and an anti-euro comment by Italy’s economics spokesperson. 10/8/2018

  2. COMMODITY OUTLOOK Gold:- The trend of Gold is Bullish. Global stock market fell down this week, and an anti-euro comment by Italy’s economics spokesperson, Claudi Borghi, made investors to look towards safer assets. Italy’s government has decided to reduce its fiscal budget deficit for 2020 and 2021 to 2.1% and 1.8% respectively, of the GDP. In MCX, increase in domestic demand due to upcoming festival has leaded the prices of gold. This week Gold prices jumped by 863 points on weekly basis and ended at 31643 as compared to last week closing price of 30780. Buy on dips strategy would be better to follow for next week. Crude Oil:- The Crude oil can remain sideways with positive bias. A rise in the US inventory put pressure on the crude oil prices at the higher levels, but the down fall has been supported by the ongoing worries of drop in the global supplies due to US sanctions on Iran. In MCX, Crude oil prices extended its gain this week as it went higher by 211 points this week and ended at 5546 as compare to the last week closing price of 5335. Buy on dips strategy would be better to follow in Crude oil in coming days.

  3. ALUMINIUM:- The Zinc can remain bullish. This week, Aluminium prices rose sharply after Norsk Hydro, the owner, announced to shutting down of the world’s biggest Alumina refinery in Brazil. This will lead to the global shortage of the Alumina. In MCX, this week Aluminium prices rose by 11.80 points and ended at 157.70 as compare to the last week closing price of 145.90. We can expect the same trend in coming days in Aluminium prices. Buy on Dips strategy would be better to follow in upcoming days. Copper:- The Trend of Copper is sideways with negative bias. Copper prices have remained highly volatile in this week due to mixture of good and bad news. Good news, China’s overseas expansion may increase the annual demand for copper and ease off the trade tension between US and China, whereas, negative news of shutting down of the World’s biggest Alumina refinery, Alunorte, located in Brazil, led the rally in Aluminium prices which indirectly affect the copper prices too. In MCX, Copper prices closed higher by 3.60 points at 456.55 as compare of the previous week closing rate of 452.95. Sell on high strategy can be follow for upcoming week.

  4. Commodity Trends R1 32180 S1 31100 GOLD 5735 5355 CRUDE 168 147 ALUMINIUM 470 443 COPPER

  5. DISCLAIMER Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The information contained herein is from sources believed reliable. We do not represent that it is accurate, complete and it should not be relied upon as such. Any action taken by you on the basis of the information contained in this site is your responsibility only and we will not be liable in any manner for the consequences of such action taken by you. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research House is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. You understand and agree that no joint venture, partnership, employment or agency relationship exists between you and Research House as a result of this agreement or on account of use of our website. Price and availability of products and services offered on the site are subject to change without prior notice. We provide information about the availability of products or services to a certain extent but you should not rely on such information. Star India will not be liable for any lack of availability of products and services you may order through the site.